SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
ABRAMSON STEVEN V

(Last) (First) (Middle)
C/O UNIVERSAL DISPLAY CORPORATION
375 PHILLIPS BLVD.

(Street)
EWING NJ 08618

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
UNIVERSAL DISPLAY CORP \PA\ [ OLED ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
03/02/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/02/2021 A 18,649(1) A $0.00 178,506 D
Common Stock 03/05/2021 F 352(2) D $189.08 178,154 D
Common Stock 03/06/2021 F 420(3) D $189.08 177,734 D
Common Stock 03/06/2021 F 3,629(4) D $189.08 174,105 D
Common Stock 03/06/2021 F 5,427(5) D $189.08 168,678 D
Common Stock 03/06/2021 A 744(6) A $0.00 169,422 D
Common Stock 03/06/2021 F 315(7) D $189.08 169,107 D
Common Stock 55,608 I By Grantor Retained Annuity Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. These units were granted to Mr. Abramson under the Company's Long Term Incentive Plan as part of his 2021 compensation and are subject to a time-based restriction, with one-third of the total unit amount vesting on each of March 2, 2022, 2023, and 2024.
2. These shares were withheld to satisfy a tax liability in connection with the vesting on March 5, 2021 of 831 shares of restricted stock previously granted to Mr. Abramson.
3. These shares were withheld to satisfy a tax liability in connection with the vesting on March 6, 2021 of 991 shares of restricted stock previously granted to Mr. Abramson.
4. These shares were withheld to satisfy a tax liability in connection with the vesting on March 6, 2021 of 8,556 shares of restricted stock previously granted to Mr. Abramson.
5. These shares were withheld to satisfy a tax liability in connection with the vesting on March 6, 2021 of 12,800 shares of restricted stock previously granted to Mr. Abramson.
6. These shares were granted to Mr. Abramson as performance units under the Company's Long Term Incentive Plan as part of his 2018 compensation and vested on March 6, 2021 subject to the satisfaction of certain performance conditions, which our Human Capital Committee certified on February 16, 2021 as having occurred.
7. These shares were withheld to satisfy a tax liability in connection with the vesting on March 6, 2021 of 744 shares of restricted stock previously granted to Mr. Abramson.
Remarks:
/s/ Steven V. Abramson (by Mauro Premutico as power of attorney) 03/09/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.